Higher April Retail Sales Could Raise Markets

April's retail sales figures came in higher than expected, which gave a pop to Dow futures Monday morning. Chris Dieterich reports.

This transcript has been automatically generated and may not be 100% accurate.

... the ... Numbers Justine for you retail sales in April were up ... ten percent that's better than Wall Street ... was expecting and the March number however was revised to make his point five percent ... Chris Dietrich ... bossy Journal joins us now is the market reacting to these numbers as ... well better than expected retail ... sales number actually a ... key markets will to live for looking lower but to ... Dow Jones industrial average futures pared about fifteen points media with that that is so Wall Street likes the numbers ... and and and you know as we see that ... floor gasoline prices more of purchases of automobiles is Khona shows that ... you know that to the consumer a huge part of the economy is still holding up reasonably well which is interesting we talk about the resilient American consumer alive which sometimes the euphemism for they're able to borrow more money ... and I wonder the payroll tax ... of course when when I ... tax cuts expired at the end of the year ... the payroll tax came back ... into your way as that had been a notable effect on on retail sales right I think this is sort of the key aspects ... economists watch most closely and is having an impact but I think the the it's not having as much of an impact as many people feared ... so the fact that the you know ... people throw around the sport resilience ... with that with the U S consumer that seems to be the case none seems to be ... the least initially on this first day of April ... re Telcel's that that people are still spinning money ... okay now ... it's a big week for ... I speak to retail for seven from its retail stocks isn't it cuts rates begin retail we got we got him in addition to this that is consumer sentiment data Friday ... in the in the summer the middle there we got we got department stores like ... Macy's J C Penney Wal-Mart also reporting ... almost ninety percent of companies have reported that this is the key week for retailers ... consumers stretched Mary stocks among the best performers so far this year ... the SEC is up about twenty percent so again looking for strength at it today and throughout the weeks of it being the silly so those are some stocks were looking at leader of the week today ... you looking at among others JPMorgan ... that's right JPMorgan Wall Street Journal ... out with a report of the weekend that the Jamie Dynan ... current chief executive and chairman the board there ... the reports are that last week he said the there's potential but he did he could leave if ... shareholders do not ... and ... if they ... vote to split the roles not next week and thought so so that's the stock was also in focus ... stay on about four tenths of a percentage point looks like it's can be one of my biggest losers on the Dow today ... if it continues to pop that was the JPMorgan baffling focused and other one Post Holdings Italy mess maker of the grape nuts maker the honey pot final Realtors it is a fine cereal actually just that but about report this moments I aam ... that's one to watch certainly found that it's a spinoff these to be of some of private label ... company called Ralcorp use to have them spun off last year that some of the Consumer sock unfocused appointed a ok and at last you're you're looking into a unique UT that ETF or I fall means the weeds of technical analysis on this one but this the Utilities Select Sector ETF ex telling you ... umm into high dividend payer and it's one that has done exceedingly well this year is representative of the location field people chasing yield right so but it's done it's done portly although it had done quite well for the bulk of the year has has really sputtered in last week or so except this with all the fifty day moving average ... aam were a lot of people will set sell orders it so that you know of some to the point ... is right there if it pushes lower ... and it's likely that those losses bookseller in the reflection the people moving cyclical stocks so ... they can get some of that but still you take a look at what's going on ...